Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

published:22 Sep 2013

views:4116252

Wonder about the American economy? This animated video is a simple explanation about inflation, stagflation, recession and more in just 5 minutes.
http://WhyNowKBGold.com

published:03 Sep 2011

views:166727

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

published:12 May 2016

views:21020

http://www.GrowYourOwnEconomy.com Learn how the economy really works in under three minutes.

published:05 Dec 2011

views:55671

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

published:13 Feb 2013

views:364743

Find the global economy a bit confusing? Don't worry, help is at hand with the "two cows model".
Feel free to share, comment and rate.

published:23 Jan 2016

views:5990

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

published:20 Nov 2015

views:499202

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

published:07 Dec 2013

views:17544

As leading figures from the world of business and politics gather in Davos, Newsnight picked its 22 facts about the world economy that everyone should know.

The NorthKoreanGovernment Explained http://testu.be/1Mxvc2j
Subscribe! http://bitly.com/1iLOHml
China has operated under a single political party since the birth of Communist China. So, how does China’s government operate?
Learn More:
How China is ruled
http://news.bbc.co.uk/2/shared/spl/hi/in_depth/china_politics/government/html/1.stm
“The ChineseCommunist Party has ruled the country since 1949, tolerating no opposition and often dealing brutally with dissent.”
Understanding China’s Political System
https://www.fas.org/sgp/crs/row/R41007.pdf
“This report is designed to provide Congress with a perspective on the contemporary political system of China, the only Communist Party-led state in the G-20 grouping of major economies.”
China'sTiananmen exiles want back in
http://www.theguardian.com/world/2012/may/22/china-tiananmen-exiles-protest
“In their youth, they asked the Chinese communist party for social reforms.”
China's Global 500 companies are bigger than ever—and mostly state-owned
http://fortune.com/2015/07/22/china-global-500-government-owned/
“China’s state-owned enterprises enjoy massive government financial support, but many still face tough economic challenges.”
Subscribe to TestTube News!
http://bitly.com/1iLOHml
_________________________
TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
Watch more TestTube: http://testtube.com/testtubenews
Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork
TestTube on Twitter https://twitter.com/TestTube
Trace Dominguez on Twitter https://twitter.com/TraceDominguez
TestTube on Facebook https://facebook.com/testtubenetwork
TestTube on Google+ http://gplus.to/TestTube
Download the New TestTube iOS app! http://testu.be/1ndmmMq

published:21 Aug 2015

views:446599

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl!
Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science.
We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :)
We're a bunch of Information designers from munich, visit us on facebook or behance to say hi!
https://www.facebook.com/Kurzgesagt
https://www.behance.net/kurzgesagt
How the Stock Exchange works
Help us caption & translate this video!
http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2

published:28 Nov 2013

views:3664381

World economy

The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money). In some contexts, the two terms are distinguished: the "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use, and exchange the definitions, representations, models, and valuations of the world economy vary widely. It is inseparable from the geography and ecology of Earth.

It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.

Crash Course

Plot

Crash Course centers on a group of high schoolers in a driver’s education class; many for the second or third time. The recently divorced teacher, super-passive Larry Pearl, is on thin ice with the football fanatic principal, Principal Paulson, who is being pressured by the district superintendent to raise driver’s education completion rates or lose his coveted football program. With this in mind, Principal Paulson and his assistant, with a secret desire for his job, Abner Frasier, hire an outside driver’s education instructor with a very tough reputation, Edna Savage, aka E.W. Savage, who quickly takes control of the class.

The plot focuses mostly on the students and their interactions with their teachers and each other. In the beginning, Rico is the loner with just a few friends, Chadley is the bookish nerd with few friends who longs to be cool and also longs to be a part of Vanessa’s life who is the young, friendly and attractive girl who had to fake her mother’s signature on her driver’s education permission slip. Kichi is the hip-hop Asian kid who often raps what he has to say and constantly flirts with Maria, the rich foreign girl who thinks that the right-of-way on the roadways always goes to (insert awesomely fake foreign Latino accent) “my father’s limo”. Finally you have stereotypical football meathead J.J., who needs to pass his English exam to keep his eligibility and constantly asks out and gets rejected by Alice, the tomboy whose father owns “Santini & Son” Concrete Company. Alice is portrayed as being the “son” her father wanted.

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

Wonder about the American economy? This animated video is a simple explanation about inflation, stagflation, recession and more in just 5 minutes.
http://WhyNowKBGold.com

50:46

How The Economy Really Works

How The Economy Really Works

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

2:15

How the Economy Really Works

How the Economy Really Works

How the Economy Really Works

http://www.GrowYourOwnEconomy.com Learn how the economy really works in under three minutes.

14:11

James B. Glattfelder: Who controls the world?

James B. Glattfelder: Who controls the world?

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

3:49

global economy explained through two cows model

global economy explained through two cows model

global economy explained through two cows model

Find the global economy a bit confusing? Don't worry, help is at hand with the "two cows model".
Feel free to share, comment and rate.

10:11

Imports, Exports, and Exchange Rates: Crash Course Economics #15

Imports, Exports, and Exchange Rates: Crash Course Economics #15

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

1:13:55

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

2:15

22 facts about the global economy - Newsnight

22 facts about the global economy - Newsnight

22 facts about the global economy - Newsnight

As leading figures from the world of business and politics gather in Davos, Newsnight picked its 22 facts about the world economy that everyone should know.

How Does China's Government Work?

The NorthKoreanGovernment Explained http://testu.be/1Mxvc2j
Subscribe! http://bitly.com/1iLOHml
China has operated under a single political party since the birth of Communist China. So, how does China’s government operate?
Learn More:
How China is ruled
http://news.bbc.co.uk/2/shared/spl/hi/in_depth/china_politics/government/html/1.stm
“The ChineseCommunist Party has ruled the country since 1949, tolerating no opposition and often dealing brutally with dissent.”
Understanding China’s Political System
https://www.fas.org/sgp/crs/row/R41007.pdf
“This report is designed to provide Congress with a perspective on the contemporary political system of China, the only Communist Party-led state in the G-20 grouping of major economies.”
China'sTiananmen exiles want back in
http://www.theguardian.com/world/2012/may/22/china-tiananmen-exiles-protest
“In their youth, they asked the Chinese communist party for social reforms.”
China's Global 500 companies are bigger than ever—and mostly state-owned
http://fortune.com/2015/07/22/china-global-500-government-owned/
“China’s state-owned enterprises enjoy massive government financial support, but many still face tough economic challenges.”
Subscribe to TestTube News!
http://bitly.com/1iLOHml
_________________________
TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in.
Watch more TestTube: http://testtube.com/testtubenews
Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork
TestTube on Twitter https://twitter.com/TestTube
Trace Dominguez on Twitter https://twitter.com/TraceDominguez
TestTube on Facebook https://facebook.com/testtubenetwork
TestTube on Google+ http://gplus.to/TestTube
Download the New TestTube iOS app! http://testu.be/1ndmmMq

3:34

How The Stock Exchange Works (For Dummies)

How The Stock Exchange Works (For Dummies)

How The Stock Exchange Works (For Dummies)

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl!
Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science.
We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :)
We're a bunch of Information designers from munich, visit us on facebook or behance to say hi!
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How the Stock Exchange works
Help us caption & translate this video!
http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2

10:06

How The Economy Works In The Hands Of The Government

How The Economy Works In The Hands Of The Government

How The Economy Works In The Hands Of The Government

Through the unconstitutional federal tax we pay, we are all participants in the murdering of innocent Afghan peopleacross the world etc, you want to put an end to these evil and unconstitutional acts, vote to put an end to the unconstitutional bank; the federal reserve bank.

10:18

Economic Systems and Macroeconomics: Crash Course Economics #3

Economic Systems and Macroeconomics: Crash Course Economics #3

Economic Systems and Macroeconomics: Crash Course Economics #3

In which JacobClifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices.
Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, JessicaSimmons, Jeffrey Thompson, ElliotBeter, TodayI Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall
TO: Everyone
FROM: Martin
To gild refined gold is just silly.
TO: Dana
FROM: Cameron
Still holding out. We're going to make it!
Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever:
Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, DamianShaw,
Sverre Rabbelier
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How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском ...

Wonder about the American economy? This animated video is a simple explanation about inflation, stagflation, recession and more in just 5 minutes.
http://WhyNowKBGold.com

published: 03 Sep 2011

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, we...

published: 12 May 2016

How the Economy Really Works

http://www.GrowYourOwnEconomy.com Learn how the economy really works in under three minutes.

published: 05 Dec 2011

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many lang...

published: 13 Feb 2013

global economy explained through two cows model

Find the global economy a bit confusing? Don't worry, help is at hand with the "two cows model".
Feel free to share, comment and rate.

published: 23 Jan 2016

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, S...

published: 20 Nov 2015

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth...

published: 07 Dec 2013

22 facts about the global economy - Newsnight

As leading figures from the world of business and politics gather in Davos, Newsnight picked its 22 facts about the world economy that everyone should know.

How Does China's Government Work?

The NorthKoreanGovernment Explained http://testu.be/1Mxvc2j
Subscribe! http://bitly.com/1iLOHml
China has operated under a single political party since the birth of Communist China. So, how does China’s government operate?
Learn More:
How China is ruled
http://news.bbc.co.uk/2/shared/spl/hi/in_depth/china_politics/government/html/1.stm
“The ChineseCommunist Party has ruled the country since 1949, tolerating no opposition and often dealing brutally with dissent.”
Understanding China’s Political System
https://www.fas.org/sgp/crs/row/R41007.pdf
“This report is designed to provide Congress with a perspective on the contemporary political system of China, the only Communist Party-led state in the G-20 grouping of major economies.”
China'sTiananmen exiles want back...

published: 21 Aug 2015

How The Stock Exchange Works (For Dummies)

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl!
Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science.
We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :)
We're a bunch of Information designers from munich, visit us on facebook or behance to say hi!
https://www.facebook.com/Kurzgesagt
https:/...

published: 28 Nov 2013

How The Economy Works In The Hands Of The Government

Through the unconstitutional federal tax we pay, we are all participants in the murdering of innocent Afghan peopleacross the world etc, you want to put an end to these evil and unconstitutional acts, vote to put an end to the unconstitutional bank; the federal reserve bank.

published: 09 Dec 2011

Economic Systems and Macroeconomics: Crash Course Economics #3

In which JacobClifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices.
Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark Brouwer, Jan Schmid, Ann...

published: 30 Jul 2015

The Global Economy

"What's the dollar in your wallet really worth?
http://www.ft.com/graphicworld Part of ""Stay on top of the World""; a series of animated and interactive 3D infographics covering economic and technology stories. From March 27-29 2012 commuters at New York'sGrand Central Station can interact with the infographics as they are projected inside the station in 3D as part of the Financial Times latest brand campaign.
For more information about the campaign visit: http://www.ft.com/graphicworld"

published: 27 Mar 2012

Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?
The music from the video is available here!
http://epicmountainmusic.bandcamp.com/track/banking
http://soundcloud.com/epicmountain/banking
http://www.epic-mountain.com
Visit us on our Website, Twitter, Facebook, Patreon or Behance to say hi!
http://kurzgesagt.org
https://www.facebook.com/Kurzgesagt
https://twitter.com/Kurz_Gesagt
http://www.patreon.com/Kurzgesagt
http://www.behance.net/Kurzgesagt
Banking Explained – Money and CreditHelp us caption & translate ...

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the...

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circu...

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turn...

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, e...

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

published:20 Nov 2015

views:499202

back

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

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China has operated under a single political party since the birth of Communist China. So, how does China’s government operate?
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How China is ruled
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“The ChineseCommunist Party has ruled the country since 1949, tolerating no opposition and often dealing brutally with dissent.”
Understanding China’s Political System
https://www.fas.org/sgp/crs/row/R41007.pdf
“This report is designed to provide Congress with a perspective on the contemporary political system of China, the only Communist Party-led state in the G-20 grouping of major economies.”
China'sTiananmen exiles want back in
http://www.theguardian.com/world/2012/may/22/china-tiananmen-exiles-protest
“In their youth, they asked the Chinese communist party for social reforms.”
China's Global 500 companies are bigger than ever—and mostly state-owned
http://fortune.com/2015/07/22/china-global-500-government-owned/
“China’s state-owned enterprises enjoy massive government financial support, but many still face tough economic challenges.”
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The NorthKoreanGovernment Explained http://testu.be/1Mxvc2j
Subscribe! http://bitly.com/1iLOHml
China has operated under a single political party since the birth of Communist China. So, how does China’s government operate?
Learn More:
How China is ruled
http://news.bbc.co.uk/2/shared/spl/hi/in_depth/china_politics/government/html/1.stm
“The ChineseCommunist Party has ruled the country since 1949, tolerating no opposition and often dealing brutally with dissent.”
Understanding China’s Political System
https://www.fas.org/sgp/crs/row/R41007.pdf
“This report is designed to provide Congress with a perspective on the contemporary political system of China, the only Communist Party-led state in the G-20 grouping of major economies.”
China'sTiananmen exiles want back in
http://www.theguardian.com/world/2012/may/22/china-tiananmen-exiles-protest
“In their youth, they asked the Chinese communist party for social reforms.”
China's Global 500 companies are bigger than ever—and mostly state-owned
http://fortune.com/2015/07/22/china-global-500-government-owned/
“China’s state-owned enterprises enjoy massive government financial support, but many still face tough economic challenges.”
Subscribe to TestTube News!
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How The Stock Exchange Works (For Dummies)

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have...

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl!
Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science.
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How the Stock Exchange works
Help us caption & translate this video!
http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl!
Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science.
We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :)
We're a bunch of Information designers from munich, visit us on facebook or behance to say hi!
https://www.facebook.com/Kurzgesagt
https://www.behance.net/kurzgesagt
How the Stock Exchange works
Help us caption & translate this video!
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How The Economy Works In The Hands Of The Government

Through the unconstitutional federal tax we pay, we are all participants in the murdering of innocent Afghan peopleacross the world etc, you want to put an end...

Through the unconstitutional federal tax we pay, we are all participants in the murdering of innocent Afghan peopleacross the world etc, you want to put an end to these evil and unconstitutional acts, vote to put an end to the unconstitutional bank; the federal reserve bank.

Through the unconstitutional federal tax we pay, we are all participants in the murdering of innocent Afghan peopleacross the world etc, you want to put an end to these evil and unconstitutional acts, vote to put an end to the unconstitutional bank; the federal reserve bank.

Economic Systems and Macroeconomics: Crash Course Economics #3

In which JacobClifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of th...

In which JacobClifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices.
Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, JessicaSimmons, Jeffrey Thompson, ElliotBeter, TodayI Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall
TO: Everyone
FROM: Martin
To gild refined gold is just silly.
TO: Dana
FROM: Cameron
Still holding out. We're going to make it!
Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever:
Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, DamianShaw,
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CC Kids: http://www.youtube.com/crashcoursekids

In which JacobClifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices.
Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, JessicaSimmons, Jeffrey Thompson, ElliotBeter, TodayI Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall
TO: Everyone
FROM: Martin
To gild refined gold is just silly.
TO: Dana
FROM: Cameron
Still holding out. We're going to make it!
Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever:
Raymond Cason, Marcel Pogorzelski, Cowgirlgem, Chua Chen Wei, Catherine Emond, Victoria Uney, Robin Uney, DamianShaw,
Sverre Rabbelier
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
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The Global Economy

"What's the dollar in your wallet really worth?
http://www.ft.com/graphicworld Part of ""Stay on top of the World""; a series of animated and interactive 3D in...

"What's the dollar in your wallet really worth?
http://www.ft.com/graphicworld Part of ""Stay on top of the World""; a series of animated and interactive 3D infographics covering economic and technology stories. From March 27-29 2012 commuters at New York'sGrand Central Station can interact with the infographics as they are projected inside the station in 3D as part of the Financial Times latest brand campaign.
For more information about the campaign visit: http://www.ft.com/graphicworld"

"What's the dollar in your wallet really worth?
http://www.ft.com/graphicworld Part of ""Stay on top of the World""; a series of animated and interactive 3D infographics covering economic and technology stories. From March 27-29 2012 commuters at New York'sGrand Central Station can interact with the infographics as they are projected inside the station in 3D as part of the Financial Times latest brand campaign.
For more information about the campaign visit: http://www.ft.com/graphicworld"

Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep ...

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?
The music from the video is available here!
http://epicmountainmusic.bandcamp.com/track/banking
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Banking Explained – Money and CreditHelp us caption & translate this video!
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Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?
The music from the video is available here!
http://epicmountainmusic.bandcamp.com/track/banking
http://soundcloud.com/epicmountain/banking
http://www.epic-mountain.com
Visit us on our Website, Twitter, Facebook, Patreon or Behance to say hi!
http://kurzgesagt.org
https://www.facebook.com/Kurzgesagt
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Banking Explained – Money and CreditHelp us caption & translate this video!
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How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском ...

Wonder about the American economy? This animated video is a simple explanation about inflation, stagflation, recession and more in just 5 minutes.
http://WhyNowKBGold.com

published: 03 Sep 2011

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, we...

published: 12 May 2016

How the Economy Really Works

http://www.GrowYourOwnEconomy.com Learn how the economy really works in under three minutes.

published: 05 Dec 2011

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many lang...

published: 13 Feb 2013

global economy explained through two cows model

Find the global economy a bit confusing? Don't worry, help is at hand with the "two cows model".
Feel free to share, comment and rate.

published: 23 Jan 2016

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, S...

published: 20 Nov 2015

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth...

published: 07 Dec 2013

22 facts about the global economy - Newsnight

As leading figures from the world of business and politics gather in Davos, Newsnight picked its 22 facts about the world economy that everyone should know.

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the...

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circu...

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
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From my heart to yours,
Corey Wayne

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turn...

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, e...

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Mark, EricKitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, MoritzSchmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, ElliotBeter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, CalebWeeks
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids

published:20 Nov 2015

views:499202

back

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском ...

published: 22 Sep 2013

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, we...

published: 12 May 2016

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth...

published: 07 Dec 2013

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary)

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary).
2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students ar...

Fan of Economic Update with Prof. Richard Wolff? The show is now available on YouTube! Support the show on Patreon: https://www.patreon.com/economicupdate
GlobalCapitalism: "Evaluating 6 months of the Trump/GOP economy"
with Richard D. Wolff
Co-sponsored by Democracy at Work,
LeftForum & Judson Memorial Church
These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For July 2017, these issues will include:
1. The G-20 meeting in Hamburg: austerity and protectionism
2. Wrong debate in Seattle: minimum wage vs unemployment
3. The UBER-type scam is very old
Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to other...

published: 13 Jul 2017

Overdose: The Next Financial Crisis | Full Documentary

Overdose: The NextFinancial Crisis. Award-winning documentary giving fresh insight into the greatest economic crisis of our age: the one still awaiting us. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures
Support the filmmaker - Overdose is now available to buy in iTunes: https://itunes.apple.com/us/movie/overdose/id994792990
For similar stories see our Economy in Crisis playlist:
https://www.youtube.com/playlist?list=PLE490E4AC9D65A878
For more full feature documentaries:
https://www.youtube.com/playlist?list=PLlGSlkijht5i004DBXtDCpoppiYr-cBb-
The Financial Crisis Is Forcing America To Redefine Its Values
https://youtu.be/Em02NgDczT4
With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burs...

published: 02 Jul 2012

The Monetary System Visually Explained

A great visual explanation of how monetary systems work.
For more videos: www.HiddenSecretsofMoney.com

published: 11 Aug 2015

Saving the World Economy: Paul Krugman and Olivier Blanchard in Conversation

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the...

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circu...

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

published:12 May 2016

views:21020

back

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

published:07 Dec 2013

views:17544

back

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary)

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary).
2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students around the world. The documentary here along with the other documentaries on this channel relate to important times and people in history, historic places, archaeology, society, world culture, science, conspiracy theories, and education.
The topics covered in these video documentaries vary and cover about everything you could possibly want to know including ancient history, Maya, Rome, Greece, The New World, Egypt, World wars, combat, battles, military and combat technology, current affairs and events, important news, education, biographies, famous people and celerities, politicians, news and current events, Illuminati, Area 51, crime, mafia, serial killers, paranormal, supernatural, cults, government cover-ups, the law and legal matters, corruption, martial arts, sports figures, space, aliens, ufos, conspiracy theories, Annunaki, Nibiru, Nephilim, satanic rituals, religion, christianty, judaism, islam, strange phenomenon, origins of mankind, monsters, mobsters, time travel, planet earth, the Sun, Missions to Mars, The planets, the solar system, the universe, modern physics, String Theory, the Big Bang Theory, Quantum Mechanics, television, archaeology, science, technology, nature, plants, animals, endangered species, pets, wildlife, animal abuse, environmental concerns and issues, global warming, natural disasters, racism, sexism, gay and lesbian issues, and many other educational and controversial topics. Please enjoy and Learn Responsibly!

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary).
2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students around the world. The documentary here along with the other documentaries on this channel relate to important times and people in history, historic places, archaeology, society, world culture, science, conspiracy theories, and education.
The topics covered in these video documentaries vary and cover about everything you could possibly want to know including ancient history, Maya, Rome, Greece, The New World, Egypt, World wars, combat, battles, military and combat technology, current affairs and events, important news, education, biographies, famous people and celerities, politicians, news and current events, Illuminati, Area 51, crime, mafia, serial killers, paranormal, supernatural, cults, government cover-ups, the law and legal matters, corruption, martial arts, sports figures, space, aliens, ufos, conspiracy theories, Annunaki, Nibiru, Nephilim, satanic rituals, religion, christianty, judaism, islam, strange phenomenon, origins of mankind, monsters, mobsters, time travel, planet earth, the Sun, Missions to Mars, The planets, the solar system, the universe, modern physics, String Theory, the Big Bang Theory, Quantum Mechanics, television, archaeology, science, technology, nature, plants, animals, endangered species, pets, wildlife, animal abuse, environmental concerns and issues, global warming, natural disasters, racism, sexism, gay and lesbian issues, and many other educational and controversial topics. Please enjoy and Learn Responsibly!

Fan of Economic Update with Prof. Richard Wolff? The show is now available on YouTube! Support the show on Patreon: https://www.patreon.com/economicupdate
GlobalCapitalism: "Evaluating 6 months of the Trump/GOP economy"
with Richard D. Wolff
Co-sponsored by Democracy at Work,
LeftForum & Judson Memorial Church
These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For July 2017, these issues will include:
1. The G-20 meeting in Hamburg: austerity and protectionism
2. Wrong debate in Seattle: minimum wage vs unemployment
3. The UBER-type scam is very old
Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.
Learn more: http://www.democracyatwork.info/econo...
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Fan of Economic Update with Prof. Richard Wolff? The show is now available on YouTube! Support the show on Patreon: https://www.patreon.com/economicupdate
GlobalCapitalism: "Evaluating 6 months of the Trump/GOP economy"
with Richard D. Wolff
Co-sponsored by Democracy at Work,
LeftForum & Judson Memorial Church
These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For July 2017, these issues will include:
1. The G-20 meeting in Hamburg: austerity and protectionism
2. Wrong debate in Seattle: minimum wage vs unemployment
3. The UBER-type scam is very old
Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.
Learn more: http://www.democracyatwork.info/econo...
LIKE Democracy at Work on Facebook: http://www.facebook.com/democracyatwrk
Follow Democracy at Work on Twitter: www.twitter.com/democracyatwrk
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Support d@w by clicking this link before shopping on Amazon: http://amzn.to/2sXtHVa

Overdose: The NextFinancial Crisis. Award-winning documentary giving fresh insight into the greatest economic crisis of our age: the one still awaiting us. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures
Support the filmmaker - Overdose is now available to buy in iTunes: https://itunes.apple.com/us/movie/overdose/id994792990
For similar stories see our Economy in Crisis playlist:
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For more full feature documentaries:
https://www.youtube.com/playlist?list=PLlGSlkijht5i004DBXtDCpoppiYr-cBb-
The Financial Crisis Is Forcing America To Redefine Its Values
https://youtu.be/Em02NgDczT4
With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us.
The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? "They're giving alcohol to a drunk: it just sets him up for a bigger hangover."
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Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.

Overdose: The NextFinancial Crisis. Award-winning documentary giving fresh insight into the greatest economic crisis of our age: the one still awaiting us. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures
Support the filmmaker - Overdose is now available to buy in iTunes: https://itunes.apple.com/us/movie/overdose/id994792990
For similar stories see our Economy in Crisis playlist:
https://www.youtube.com/playlist?list=PLE490E4AC9D65A878
For more full feature documentaries:
https://www.youtube.com/playlist?list=PLlGSlkijht5i004DBXtDCpoppiYr-cBb-
The Financial Crisis Is Forcing America To Redefine Its Values
https://youtu.be/Em02NgDczT4
With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us.
The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? "They're giving alcohol to a drunk: it just sets him up for a bigger hangover."
Like us on Facebook:
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Follow us on Twitter:
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922 Stories AB - Ref: 4875
Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
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2:15

How the Economy Really Works

http://www.GrowYourOwnEconomy.com Learn how the economy really works in under three minut...

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
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Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

3:49

global economy explained through two cows model

Find the global economy a bit confusing? Don't worry, help is at hand with the "two cows m...

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
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1:13:55

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, bu...

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

2:15

22 facts about the global economy - Newsnight

As leading figures from the world of business and politics gather in Davos, Newsnight pick...

How Does China's Government Work?

The NorthKoreanGovernment Explained http://testu.be/1Mxvc2j
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China has operated under a single political party since the birth of Communist China. So, how does China’s government operate?
Learn More:
How China is ruled
http://news.bbc.co.uk/2/shared/spl/hi/in_depth/china_politics/government/html/1.stm
“The ChineseCommunist Party has ruled the country since 1949, tolerating no opposition and often dealing brutally with dissent.”
Understanding China’s Political System
https://www.fas.org/sgp/crs/row/R41007.pdf
“This report is designed to provide Congress with a perspective on the contemporary political system of China, the only Communist Party-led state in the G-20 grouping of major economies.”
China'sTiananmen exiles want back in
http://www.theguardian.com/world/2012/may/22/china-tiananmen-exiles-protest
“In their youth, they asked the Chinese communist party for social reforms.”
China's Global 500 companies are bigger than ever—and mostly state-owned
http://fortune.com/2015/07/22/china-global-500-government-owned/
“China’s state-owned enterprises enjoy massive government financial support, but many still face tough economic challenges.”
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3:34

How The Stock Exchange Works (For Dummies)

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stock...

How The Stock Exchange Works (For Dummies)

Why are there stocks at all?
Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl!
Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science.
We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :)
We're a bunch of Information designers from munich, visit us on facebook or behance to say hi!
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How the Stock Exchange works
Help us caption & translate this video!
http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2

10:06

How The Economy Works In The Hands Of The Government

Through the unconstitutional federal tax we pay, we are all participants in the murdering ...

How The Economy Works In The Hands Of The Government

Through the unconstitutional federal tax we pay, we are all participants in the murdering of innocent Afghan peopleacross the world etc, you want to put an end to these evil and unconstitutional acts, vote to put an end to the unconstitutional bank; the federal reserve bank.

10:18

Economic Systems and Macroeconomics: Crash Course Economics #3

In which Jacob Clifford and Adriene Hill teach you about Economic Systems and Macroeconomi...

Economic Systems and Macroeconomics: Crash Course Economics #3

In which JacobClifford and Adriene Hill teach you about Economic Systems and Macroeconomics. So, economics is basically about choices. We'll look at some of the broadest economic choices when we talk about the difference between planned economies and market economies. We'll get into communism, socialism, command economies, and capitalism. We'll look at how countries choose the kind of system they're going to use (spoiler alert: many end up with mixed economies). We'll also look into how individuals make economic choices.
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To gild refined gold is just silly.
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Still holding out. We're going to make it!
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3:29

The Global Economy

"What's the dollar in your wallet really worth?
http://www.ft.com/graphicworld Part of ""...

The Global Economy

"What's the dollar in your wallet really worth?
http://www.ft.com/graphicworld Part of ""Stay on top of the World""; a series of animated and interactive 3D infographics covering economic and technology stories. From March 27-29 2012 commuters at New York'sGrand Central Station can interact with the infographics as they are projected inside the station in 3D as part of the Financial Times latest brand campaign.
For more information about the campaign visit: http://www.ft.com/graphicworld"

6:07

Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with mo...

Banking Explained – Money and Credit

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?
The music from the video is available here!
http://epicmountainmusic.bandcamp.com/track/banking
http://soundcloud.com/epicmountain/banking
http://www.epic-mountain.com
Visit us on our Website, Twitter, Facebook, Patreon or Behance to say hi!
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Banking Explained – Money and CreditHelp us caption & translate this video!
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How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

2:15

How the Economy Really Works

http://www.GrowYourOwnEconomy.com Learn how the economy really works in under three minut...

James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works. Glattfelder shares a groundbreaking study of how control flows through the global economy, and how concentration of power in the hands of a shockingly small number leaves us all vulnerable. (Filmed at TEDxZurich.)
TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more.
Find closed captions and translated subtitles in many languages at http://www.ted.com/translate
FollowTED news on Twitter: http://www.twitter.com/tednews
Like TED on Facebook: https://www.facebook.com/TED
Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

3:49

global economy explained through two cows model

Find the global economy a bit confusing? Don't worry, help is at hand with the "two cows m...

Imports, Exports, and Exchange Rates: Crash Course Economics #15

What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
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1:13:55

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, bu...

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

2:15

22 facts about the global economy - Newsnight

As leading figures from the world of business and politics gather in Davos, Newsnight pick...

How The Economic Machine Works by Ray Dalio

Economics 101 -- "How the Economic MachineWorks."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE

50:46

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bu...

How The Economy Really Works

The importance of understanding how the economy really works, what makes it boom and go bust, what money is, where it comes from, how it’s created, how it circulates and how unbalanced monetary circulation is the root cause of most of the worlds economic problems that can negatively impact your business, job, wealth and income earning potential.
In this video coaching newsletter, I discuss the importance of understanding how the worlds economic engine really works, what the purpose of money really is and how being ignorant of how the system really works can ruin you financially, cause unnecessary financial setbacks and negatively impact your ability to reach your full potential and live the life of your dreams.
“Everything that most people think they understand about money, economics, wealth building and financial security is totally wrong. Money exists for two reasons: 1) to be a medium of financial exchange that makes commerce & sale or purchase transactions easy and 2) to be a store of value where you literally translate your gifts, skills, talents, time and assets into easily tradable and exchangeable paper, coin or digital money receipts. Most people think that when they borrow money, they are borrowing money the bank has from its other customers. This is a myth. A banks purpose is to facilitate stable money circulation by expanding the money supply via creating loans out of thin air. Banks use fractional reserve banking which enables them to create up to ten times the total amount of their customer’s money in their bank accounts out of thin air and lending it at interest. For example, if a bank’s cumulative amount of all of their depositor’s bank accounts is ten million dollars, then the bank can create up to one hundred million dollars out of thin air and lend it at interest. The economy expands when banks create money out of thin air by creating loans and lending it at interest. Every time you use your credit card, borrow money, get a car or home loan, you are borrowing money that did not exist until you got the loan or spent it into existence by swiping your credit card. When the banks stop lending or reduce their lending during an economic downturn, the money supply in circulation will shrink. This causes the economy to contract. Who suffers the most when this happens? The people who are living paycheck to paycheck are the first to stop paying their bills. This creates a domino effect. Economic recoveries can often take five to ten years to recover from the worst monetary circulation contractions. The economy tends to boom and expand until the banks get too reckless with who they lend money to which creates bubbles and loans that borrowers start defaulting on. Economic contractions bring foreclosures, repossessions, unemployment and governments being unable to pay their bills. This is known as the boom and bust cycle. As long as the worlds banking system uses elastic currencies, the up/down boom/bust cycle will be a fact of life. Therefore, as a sovereign, free and self-reliant human being, you should always know your downside financial risk if the economy does not do what you expect it to when making financial commitments.” ~ Coach Corey WayneClick the link below to make a donation via PayPal to support my work:
https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=LKGTSSLYJ93J6
Click the link below to book phone/Skype or email coaching with me personally:
http://www.understandingrelationships.com/products
Click the link below to get my Kindle eBook:
http://amzn.to/1Uh5djJ
Click the link below to read my FREE self-help articles:
http://www.understandingrelationships.com/
From my heart to yours,
Corey Wayne

1:13:55

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, bu...

Global Economics Explained: The Secret World of Economic Hit Men and Corruption (2012)

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop." His books: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=defa2f0bdfa42dfc9e2d3915895e5fcf&camp=1789&creative=9325&index=books&keywords=john%20perkins
According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S.Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.
In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] -- November 4, 2004 interview
I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh's government who was Time's magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn't have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.
Columnist Sebastian Mallaby of The Washington Post reacted sharply to Perkins' book:[3] "This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller." Mallaby, who spent 13 years writing for the London Economist and wrote a critically well-received biography of World Bank chief James Wolfensohn,[4] holds that Perkins' conception of international finance is "largely a dream" and that his "basic contentions are flat wrong".[3] For instance he points out that Indonesia reduced its infant mortality and illiteracy rates by two-thirds after economists persuaded its leaders to borrow money in 1970. He also disputes Perkins' claim that 51 of the top 100 world economies belong to companies. A value-added comparison done by the UN, he says, shows the number to be 29. (The 51 of 100 data comes from an Institute for Policy Studies Dec 2000Report on the Top 200 corporations; using 2010 data from the CIA's World Factbook and Fortune Global 500[5][6] the current ratio is 114 corporations in the top 200 global economies.)
http://en.wikipedia.org/wiki/Economic_hit_men

1:55:31

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary)

Economic Globalization : Documentary on the History of Economic Globalization (Full Docume...

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary)

Economic Globalization : Documentary on the History of Economic Globalization (Full Documentary).
2015 2014
This Youtube channel is for learning and educational purposes. Learning and Education are fundamental and important in today's society and becoming increasingly more accessible and convenient online. The availability of important information which is also entertaining helps everyone grow mentally and emotionally as people both individually and as a whole. Documentaries are the resource of choice of the information and internet generations of students around the world. The documentary here along with the other documentaries on this channel relate to important times and people in history, historic places, archaeology, society, world culture, science, conspiracy theories, and education.
The topics covered in these video documentaries vary and cover about everything you could possibly want to know including ancient history, Maya, Rome, Greece, The New World, Egypt, World wars, combat, battles, military and combat technology, current affairs and events, important news, education, biographies, famous people and celerities, politicians, news and current events, Illuminati, Area 51, crime, mafia, serial killers, paranormal, supernatural, cults, government cover-ups, the law and legal matters, corruption, martial arts, sports figures, space, aliens, ufos, conspiracy theories, Annunaki, Nibiru, Nephilim, satanic rituals, religion, christianty, judaism, islam, strange phenomenon, origins of mankind, monsters, mobsters, time travel, planet earth, the Sun, Missions to Mars, The planets, the solar system, the universe, modern physics, String Theory, the Big Bang Theory, Quantum Mechanics, television, archaeology, science, technology, nature, plants, animals, endangered species, pets, wildlife, animal abuse, environmental concerns and issues, global warming, natural disasters, racism, sexism, gay and lesbian issues, and many other educational and controversial topics. Please enjoy and Learn Responsibly!

29:55

Explanation of future economic crisis in a funny animation

The Collapse of The American Dream Explained in Animation.
American Dream - You have to be...

Fan of Economic Update with Prof. Richard Wolff? The show is now available on YouTube! Support the show on Patreon: https://www.patreon.com/economicupdate
GlobalCapitalism: "Evaluating 6 months of the Trump/GOP economy"
with Richard D. Wolff
Co-sponsored by Democracy at Work,
LeftForum & Judson Memorial Church
These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For July 2017, these issues will include:
1. The G-20 meeting in Hamburg: austerity and protectionism
2. Wrong debate in Seattle: minimum wage vs unemployment
3. The UBER-type scam is very old
Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.
Learn more: http://www.democracyatwork.info/econo...
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Overdose: The Next Financial Crisis | Full Documentary

Overdose: The NextFinancial Crisis. Award-winning documentary giving fresh insight into the greatest economic crisis of our age: the one still awaiting us. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures
Support the filmmaker - Overdose is now available to buy in iTunes: https://itunes.apple.com/us/movie/overdose/id994792990
For similar stories see our Economy in Crisis playlist:
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For more full feature documentaries:
https://www.youtube.com/playlist?list=PLlGSlkijht5i004DBXtDCpoppiYr-cBb-
The Financial Crisis Is Forcing America To Redefine Its Values
https://youtu.be/Em02NgDczT4
With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us.
The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? "They're giving alcohol to a drunk: it just sets him up for a bigger hangover."
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922 Stories AB - Ref: 4875
Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.

21:29

The Monetary System Visually Explained

A great visual explanation of how monetary systems work.
For more videos: www.HiddenSecret...

Saving the World Economy: Paul Krugman and Olivier...

History of World Economy...

The Works

JONATHA'S NOTE:The corollary to "Little Bird" is this one!! Woody did have a devil at the wheel half the time. He had this unstoppable energy and drive. And of course there were costs. But everyone knows that feeling of being on the edge and wanting just to test the world. One more, one further, one harder. LYRICS:I'm still chasing carsPlaying in the undertowBarking at the stars, wondering where you areIt's better that I never knowI still play with fireHoping that I might get burnedToying with desire, Teasing to the wireThinking that I'll never learnSome things I earnMost things I stealThere's an angel on my shoulderBut the devil's at the wheelI toe the line, but then I fallCuz' heaven knows I like the taste of danger most of allDanger most of allStanding on a bridgeDon't you know I want to jumpNot that I would give my desire to liveI just wanna try it onceI just wanna knowWhat it is to take the leapHow the wind would blow, how fast I could goWho would pray my soul to keepSome things I earnMost things I stealThere's an angel on my shoulderBut the devil's at the wheelI toe the line, but then I fallCuz' heaven knows I like the taste of danger most of allDanger most of allIt all comes down to thisThere's a million souls out thereDying for a wish, living for a kissSearching for someone to careOn any given dayYou can hear their songs and criesKneeling down to pray, Wishing they could sayThey had never compromisedSome things I stealMost things I earnThe angel's getting olderBut the devil never learnsI toe the line, but then I fallCuz' heaven knows I like the taste of danger most of allDanger most of all

When the sun dims dramatically Monday morning, that would be like an entire power plant unit shutting down for the Lone Star State's electricity grid. The much-anticipated solar eclipse will wipe out about 600 megawatts worth of electricity generation from Texas' growing solar power industry, according to officials with ERCOT, which manages the Texas grid.&nbsp; ... "That is not very much," she said about eclipse's influence ... ....

Multiple media reports Thursday reported a van crashed into dozens of people in the center of Barcelona Thursday killing two and injuring several people. Local Spanish media say two armed men have entered a restaurant after a van crashed into a crowd of people, according to Reuters, and police consider the incident to be terror related. Local media reports say two people were killed instantly when struck by the van....

The Guardian reported that police announced one person was arrested in relation to the attack on Thursday where someone drove a white van through the busy, pedestrian area of Las Ramblas in Barcelona, Spain which has left at least 13 dead, and more than 50 injured ...Police said that the number of the dead was "bound to rise" since at least 50 people were injured after the attack, interior minister for Catalonia, Joaquim Form said ... ... U.S....

Islamic State militants have claimed responsibility for an act of terrorism in which a van struck and killed at least a dozen people on Barcelona’s most famous avenue Thursday, Reuters reported Thursday.Carles Puigdemont, the head of the Spanish region of Catalonia, said at least 80 people had been taken to hospital and around 12 had died. Officials remain unsure how many attackers were involved in the incident ... She told La Vanguardia....

The number of asylum seekers who are illegally crossing into Canada from the United States more than tripled last month, according to new data released on Thursday by the Canadian government which hints at the deep fears that migrants have about the recent U.S. administration immigration crackdown ...The RoyalCanadian Mounted Police said that an additional 3,800 asylum seekers were arrested crossing the U.S ... "It's not a crisis ... ....

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With a team of former executives from BMW and enginers who worked for Google and Tesla, FMC recently closed a US$200 million funding round led by an investment fund of Suning Holdings and state-owned companies from Jiangsu province, where FMC's global headquarters and factory are located....

As many as 1,200 business delegates and 300 entrepreneurs from the US, India and other countries are expected to participate in the Global Entrepreneurship Summit to be held in Hyderabad from November 28 to 30. The post Global Entrepreneurship Summit in India. From Ivanka Trump to many others, event set to draw key global players ... ....

Staff should work through the night on Big Ben renovations to cut the time the bell is silenced for, a member of the committee that signed off the work has said. Speeding up working on the ElizabethTower and the ......

Global warming is causing the Alps to literally fall apart, as the rise in temperature is melting snow caps on the mountains, experts warn ... and reparation works expected to last at least three weeks....

17, 2017 /PRNewswire/ -- Military helicopters have traditionally been a key element of the force structure of armed forces globally and their rapidly evolving capabilities are making them even more indispensable for conducting a wide range of military missions successfully in an increasingly asymmetric threat environment where battlefield boundaries are nebulous at the best....

Ireland is "ideally positioned" to become a global leader in wave and tidal energy production, according to the organiser of an international conference being held in Cork at the end of this month ... "Creating jobs, providing clean energy, protecting our environment and harnessing the blue economy are all reasons why ocean energy is important for Ireland and globally," said Mr Lewis....

A chef spent ten years working on his beloved sports car - only to be trapped inside his own garage by a huge hole dug by a water company ...PeterFroud spent ten years and £10,000working on his orange and black Ford Cougar sports car - but was horrified when a water company dug a hole outside his garage....

The Top 20 GlobalConcertTours ranks artists by average box office gross per city and includes the average ticket price for shows Worldwide. The list is based on data provided to the trade publication Pollstar by concert promoters and ... ....

SINGAPORE. Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. PresidentDonald Trump's ability to fulfill his economic agenda ... ....